Jason Katz, a UBS managing director, suggests that gold prices could appreciate by up to 7% as the Federal Reserve continues to manage economic challenges and stave off a recession. He emphasizes gold's role as a hedge against geopolitical uncertainties, making it an attractive investment option during volatile times.
Positive
Given the potential appreciation in gold prices due to ongoing economic and geopolitical factors, investing in gold-related assets could be beneficial. Investors might consider ETFs that focus on gold which could capture this upward movement in gold prices.
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Gold remains a sought-after portfolio investment to help mitigate losses and remain a potential long-term source of return while fiat currencies and other materials may struggle.